Reclassifying Net Assets from Temporarily Restricted to Unrestricted

question 47

Multiple Choice

Reclassifying net assets from temporarily restricted to unrestricted:

• A)​is done when the unrestricted net assets fall below a predetermined threshold.
• B)​matches the net assets to the expenses they support.
• C)​does not require a formal journal entry.
• D)​may be done at the organization's discretion when an expense is incurred for a purpose for which both restricted and unrestricted net assets are available.

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Definitions:

Conflict Forms

refer to the different types or nature of disagreements and disputes that can arise within an organization, impacting relationships and productivity.

Constructive

relates to behaviors or processes that are helpful, positive, and aimed at building or improving something.

Socioemotional

Pertaining to social and emotional aspects of human behavior, especially regarding relationships and feelings.

Constructive Conflict

Disagreements that are approached with a positive mindset, focusing on understanding and resolving differences to improve organizational outcomes.